"If we can become a part of the Chinese Belt-Road Initiative, receive Chinese technology and know-how, push forward large projects and utilize our geographic advantage, it is not difficult to overcome the crisis," said Banzragch Munkhtuul, director of the Mongolian newspaper Mongolyn Medee.
She said that Mongolia's geographic advantage of locating between Russia and China offers it a chance to boost transit trade, logistics and transportation between these two countries.
About two weeks ago, China's National Development and Reform Commission unveiled the guideline of a China-Mongolia-Russia economic corridor focusing on seven areas, the first of its kind for multilateral cooperation within the framework of the Belt-Road Initiative.
Mongolian Ambassador to China Tsedenjav Sukhbaatar said that the plan to build the economic corridor is a milestone in history and Mongolia is planning to develop special foreign investment zones to attract investment.
Mongolian economists and public figures believe the Belt-Road Initiative will offer more export opportunities for Mongolia to boost its logistics and transportation between China and other countries through its territory.
They say Mongolia has abundant raw materials and mineral resources such as coal, copper and iron ores needed by China, which serves as the basis for mutually beneficial cooperation between the two countries.
Meanwhile, they realize that it is imperative for Mongolia to get rid of heavy dependence on the mining industry and explore new sources of economic growth.
【国内英语资讯:Spotlight: Belt-Road Initiative to guide China-Mongolia win-win cooperation】相关文章:
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